What were the principal reasons for the tax reforms of 1981, 1986, and 2003? What were the unintended consequences of these reforms?
Answer to relevant QuestionsIf the issue is equity, how can you justify a head tax on income, a proportional tax on income, and a progressive tax on income? Explain why some economists believe the burden of a public debt cannot be shifted onto future generations. How do tariffs work? Illustrate by referring to U.S. lumber imports from Canada, using any set of quantities and prices to make your point. Is the United States a nation that believes in and promotes free trade? Trace the history of U.S. tariffs to make your point. What circumstances would shift the demand curve for U.S. dollars on the foreign exchange market to the right?
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